According to a report by BSC Securities, despite the complex developments from the conflict in the Middle East, the Q1/2026 business results of PetroVietnam Transportation Corporation (PVT – HOSE) were generally in line with expectations, with net revenue and after-tax profit - minority shareholders respectively achieving 25%/24% of the annual forecast.
BSC recommends buying PVT shares (illustrative image).
Overall, BSC assesses that the Q1/2026 results reflect the effectiveness of PVT's fleet expansion in the previous period, and also show that the company is benefiting from improved freight rates in key transport segments.
Specifically, PVT's profit base was low in Q1/2025, as freight rates in key segments such as refined oil/chemicals and bulk cargo declined sharply.
According to BSC, PVT's new vessel investments in 2025 will mainly be allocated to the second half of 2025, thereby signing time-limited contracts amidst bottomed-out freight rates and a recovery trend.
Furthermore, disruptions in the Strait of Hormuz have driven up VLCC freight rates, creating a ripple effect on smaller vessel segments.
Based on the above data, BSC recommends a buy rating for PVT shares with a target price of VND 27,800/share.
On May 21st, PVT's share price stood at 23,100 VND/share, a sharp decrease from the price range of over 32,000 VND nearly three months ago.
Source: https://suckhoedoisong.vn/co-phieu-pvt-duoc-bsc-khuyen-nghi-mua-169260521200904653.htm
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